Principal & Interest


S

shakey

After updating quicken 6 to Quicken 2006 deluxe a while back the entries for
P & I are reversed.
The amounts are correct but assigned to each others account. This is a
mortgage account.
Any thoughts on how to correct this error for future entries?
Thanks
Mel
 
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J

John Pollard

shakey said:
After updating quicken 6 to Quicken 2006 deluxe a while
back the entries for P & I are reversed.
The amounts are correct but assigned to each others
account. This is a mortgage account.
Any thoughts on how to correct this error for future
entries?
Have you tried making a Quicken Copy of your data, Validating
the Copy, and seeing if the Validated Copy still has the
problem?
 
S

shakey

John Pollard said:
Have you tried making a Quicken Copy of your data, Validating the Copy,
and seeing if the Validated Copy still has the problem?
Thank you but it made no difference, Will try reversing account entry in the
split,should work but may not work for future entries.
Mel
 
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J

John Pollard

shakey said:
"John Pollard" wrote
Thank you but it made no difference,
How, exactly, did you determine this. Did you have Quicken
create the next loan payment? And it had the same problem as
previous incorrect payment transactions?
Will try reversing
account entry in the split,should work but may not work
for future entries.
Backup your data.

Note *everything* about your current loan ... so you can setup
the exact same loan again (with a couple of exceptions).

Delete the current loan.

Create a new loan with the exact same specifications as the
first, including date the loan was created, date of first
payment ... except. Tell Quicken the date of the next payment
is the date that the next payment would have been made from the
loan you deleted. Tell Quicken payments have already been made.
Tell Quicken not to create a new loan account, but to use your
existing loan account.

If you don't get the results you want, restore the backup you
made before starting the process.
 

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